Rockhopper Exploration (LON:RKH) Trading Down 8% – Time to Sell?

Rockhopper Exploration plc (LON:RKH)’s share price fell 8% during trading on Saturday . The stock traded as low as GBX 35 ($0.44) and last traded at GBX 35.70 ($0.45). 6,318,684 shares were traded during trading, a decline of 7% from the average session volume of 6,804,535 shares. The stock had previously closed at GBX 38.80 ($0.48).

Rockhopper Exploration Price Performance

The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.94 and a current ratio of 1.72. The stock has a market capitalization of £228.22 million, a P/E ratio of 1,785.00, a price-to-earnings-growth ratio of 0.20 and a beta of 0.87. The firm has a 50-day moving average price of GBX 24.50 and a 200 day moving average price of GBX 17.62.

Rockhopper Exploration Company Profile

Rockhopper Exploration plc operates as an oil and gas exploration and production company primarily in the United Kingdom. It engages in the exploration, appraisal, and exploitation of its oil and gas acreage primarily in the North Falkland Basin and the Greater Mediterranean region. The company holds 35% working interest in the PL003a, PL003b, PL004a, PL004b, PL004c, PL005, PL032, PL033 production licenses in North Falkland Basin.